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November 22, 2005
By: TOM BRANNA
Editor
Lubricant maker WD-40 Co. reported third-quarter net income rose about 5% to $6.1 million, or $0.35 a share, although its bottom line was hurt by higher costs for raw materials. Analysts predicted the company would post earnings of $0.42 a share, according to Thomson First Call. Third quarter sales rose about 9% to $59.7 million. WD-40 also revised its full-year outlook and said it expects net income of $26 to 27 million.
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